NYSE:CLXHousehold Products
Clorox’s Purell Deal Expands Health Focus As Earnings Outlook Softens
Clorox, NYSE:CLX, has completed its acquisition of GOJO Industries, the owner of the Purell brand.
The deal adds a broad health and hygiene portfolio to Clorox's existing cleaning and household products.
This transaction reflects a move to broaden Clorox's exposure beyond traditional household categories.
Clorox enters this deal with its shares at $96.44, after a 27.3% decline over the past year and a 38.1% decline over the past five years. The acquisition of GOJO and Purell gives the...